U.S. Companies Need Flexible Laws to Boost Cybersecurity

NASA JPL teamx

Image @Wikipedia

Editorial – Companies such as Lockheed Martin Corp. (LMT), Citigroup Inc. (C) and Sony Corp. (6758) have recently reported serious breaches of their networks. NASA said last week that hackers had launched 13 major attacks against it last year, including one in which they gained access to networks at the Jet Propulsion Laboratory, which manages active space missions. The national counterintelligence executive, a federal post, estimates that $398 billion in U.S. research and development spending is jeopardized by cyberespionage from China and Russia.

As scary as all this sounds, cybersecurity is a manageable problem.

Making your business more secure costs money. A study by Bloomberg Government of 172 organizations in six industries and the government found that they would need to increase their cybersecurity spending almost nine times over — to $46.6 billion from the current $5.3 billion — to achieve security that could repel 95 percent of attacks.

Cybersecurity is clearly an area where federal intervention is warranted to protect the public. The trick will be securing our digital lives without jeopardizing the freedom and flexibility that make them worthwhile. more> http://tinyurl.com/7mp5cwr


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